Ballard Power Systems (NASDAQ:BLDP - Free Report) TSE: BLD had its price target trimmed by Roth Mkm from $1.75 to $1.25 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the technology company's stock.
A number of other equities research analysts have also commented on the company. CIBC lowered their price target on Ballard Power Systems from $1.40 to $1.20 and set an "underperformer" rating for the company in a research report on Wednesday, December 4th. BMO Capital Markets reduced their price objective on Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating for the company in a research note on Friday. Finally, TD Cowen upgraded Ballard Power Systems to a "strong sell" rating in a research note on Monday, January 13th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Ballard Power Systems presently has a consensus rating of "Hold" and a consensus price target of $2.13.
Read Our Latest Stock Report on Ballard Power Systems
Ballard Power Systems Stock Down 0.7 %
Shares of NASDAQ:BLDP traded down $0.01 during trading on Friday, reaching $1.34. 6,513,358 shares of the stock were exchanged, compared to its average volume of 4,861,975. The company has a debt-to-equity ratio of 0.03, a current ratio of 9.01 and a quick ratio of 8.19. Ballard Power Systems has a 1-year low of $1.08 and a 1-year high of $3.38. The stock has a fifty day moving average of $1.41 and a two-hundred day moving average of $1.54. The firm has a market cap of $401.25 million, a price-to-earnings ratio of -1.22 and a beta of 1.75.
Institutional Trading of Ballard Power Systems
A number of institutional investors have recently added to or reduced their stakes in BLDP. First Commonwealth Financial Corp PA purchased a new stake in Ballard Power Systems during the 3rd quarter worth about $27,000. Raymond James Financial Inc. purchased a new stake in shares of Ballard Power Systems in the 4th quarter valued at about $27,000. Toronto Dominion Bank raised its holdings in shares of Ballard Power Systems by 300.0% in the 3rd quarter. Toronto Dominion Bank now owns 27,933 shares of the technology company's stock valued at $50,000 after acquiring an additional 20,949 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Ballard Power Systems in the 4th quarter valued at about $52,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Ballard Power Systems by 35.9% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 40,798 shares of the technology company's stock valued at $68,000 after acquiring an additional 10,767 shares in the last quarter. Hedge funds and other institutional investors own 28.02% of the company's stock.
About Ballard Power Systems
(
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Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.
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